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In this type of arrangement, any balances above a certain amount in a corporation's chequing account at the end of the business day are "removed" and invested in overnight securities that pay the corporation interest. This innovation is referred to as a ________.
Sales Price
The amount of money charged for a product or service, or the sum received upon the sale of a product or service.
Paid-In Capital
Funds received from investors in exchange for shares of the company's stock, representing equity financing as opposed to debt.
Excess
The amount by which something, such as inventory or revenue, exceeds what is normal, necessary, or specified, often indicating surplus or overproduction.
Cumulative Preferred Stock
Type of preferred stock where missed dividend payments accumulate and must be paid out before dividends can be distributed to common stockholders.
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